“If you are wealthy enough, use part or all of your Social Security proceeds to invest in a favorite cause or two. Invest 10 percent or 100 percent of your monthly Social Security check in your favorite charity, foundation, think tank, church or synagogue, or other good cause.” IfsThinkingTwoEnoughUseSocialCausesChurchSecurityPercentFoundationCharityChecksWealthySocial SecurityTanksYour FavoriteGood CausesSynagogue Author:Mark Skousen
“More retirees, longer life expectancy, larger benefits, and fewer workers - these trends have meant substantial increases in the payroll tax. Since the social security program began, the payroll tax has increased more than 500 percent.” SocialSecurityTaxesBenefitsPercentProgramIncreaseWorkersTrendsFewerSocial SecurityExpectancyPayrollLife ExpectancyPayroll TaxLonger Life Author:Alex Tabarrok
“My financial adviser Ric Edelman...thinks the time to start educating people about money is when they are children. He's set up a retirement plan called the RIC-E-Trust that can provide retirement security. A $5,000 one-time tax-deferred investment at birth, with an average interest rate of ten percent compounded, means that a child would have $2.4 million when he or she is 65 years old. Who needs Social Security with that kind of nest egg?” PeopleThinkingNeedsYearsKindMeanChildrenSocialInterestMillionsPlansSecurityBirthTenTaxesPercentInvestmentRateFinancialAverageEggsRetirementOne TimeSocial SecurityNestsInterest RateAdviser Author:Cal Thomas
“If you have to pay about forty to forty-three percent of your income for housing, you also have to pay fifteen percent of your paycheck for the FICA for Social Security wage withholding. You have to pay medical care, you have to pay the banks for your credit card debt, student loans. Then you only have about twenty-five or thirty-five percent, maybe one-third of your salary to buy goods and services. That's all.” IfsCareThreeSocialPayFiveSecurityStudentsPercentThirdsTwentiesCreditDebtMedicalIncomeCardsThirtyFortyGoodsFifteenSocial SecurityHousingLoanSalaryCredit CardTwenty FivePaychecksMedical CareGoods And ServicesWithholdingStudent LoanCredit Card Debt Author:Michael Hudson
“The rate of return on Social Security for people nearing retirement is about 1.5 percent. By the time young children like mine are ready to retire, that rate of return will be a negative percentage.” PeopleChildrenYoungSocialSecurityMinesReadyReturnPercentNegativeRateRetirementRetiringSocial SecurityPercentagesYoung Children Author:Paul Ryan